Earnings and Analysts

Quarterly earnings statements from public companies and periodic reports from analysts reveal the health and direction of the industry.

Johnson Outdoors, Navico settle lawsuit

Johnson Outdoors Inc. and Johnson Outdoors Marine Electronics Inc., and Navico Inc. jointly announced that they resolved their dispute related to Johnson Outdoors’ patented Humminbird Side Imaging sonar technology and Navico’s StructureScan accessory to its displays. “As a result of the settlement, the case has been dismissed,” the companies said in a statement. “The companies…more

Johnson Outdoors reports 4Q, year-end results

Johnson Outdoors, a leading global outdoor recreation company, today announced higher revenue, profits and earnings for fiscal 2011. Strong performance by new products in the company’s marine electronics and diving brands more than offset a 45percent drop in military sales, the company said. Net income rose to $32.7 million, or $3.37 a diluted share, for…more

Study: Industry to see slow growth through 2015

Reportlinker.com announced that a new market research report on the global recreational boating industry shows the global market is expected to slowly grow during the next few years. According to Lucintel research, in 2009 the global pleasure boat market shipment was $18.21 billion. The market was forecast to drop to $18.16 billion in 2010, a…more

Johnson Outdoors reports 3Q results

Johnson Outdoors today announced lower sales and earnings for the 2011 fiscal third quarter and attributed the results to a slowdown in the recovery of the outdoor recreational market. Growth during the first six months offset sluggish third-quarter results as year-to-date sales increased 7 percent and net earnings grew 24 percent, compared with the same…more

Johnson Outdoors buys Waypoint Technologies

Johnson Outdoors Marine Electronics Inc. acquired the assets of Waypoint Technologies, maker of LakeMaster, a brand of high-definition electronic lake charts. The asset purchase includes Pro Map Technologies, the LakeMaster proprietary inland water survey techniques and bathymetric data processing technology, providing future exclusivity of an expanded portfolio of LakeMaster digital maps for Humminbird fishfinders. Details…more

Geonav unveils rebate program

Geonav, which recently entered the marine electronics market, is offering as much as $1,000 in rebates on selected products. “We launched our full product line this past fall and have had terrific interest from consumers,” business director Bruce Angus said in a statement. “We are offering early adopters a great incentive to buy Geonav to…more

Johnson Outdoors reports 2Q results

Johnson Outdoors announced record second-quarter sales and earnings for the quarter that ended April 1. Total net sales grew 14.1 percent, to $128.9 million, compared with net sales of $112.9 million in the prior year’s quarter. Strong new-product response, anticipated pent-up demand in the marine accessories marketplace and a favorable retail season outlook drove the…more

Analyst: Boat sales could grow 10 percent this year

The U.S. marine industry could be on pace to see unit retail growth as high as 10 percent in 2011, according to Tim Conder, a senior analyst with Wells Fargo Securities. Conder, a Brunswick Corp. analyst, said the conclusion comes from conversations with industry contacts after the Miami International Boat Show. “Optimism remains rooted in…more

Research and Markets issues annual report on dealer industry

Research and Markets has released the “2011 U.S. Boat Dealers Industry Report.” The report, published annually, features 2011 current and 2012 forecast estimates on the size of the industry nationally, as well as for all 50 states and more than 900 metropolitan areas. New to the report this year are financial ratios, number of firms…more

Census report: Boat shows beat winter blues

About now, people in many parts of the country are tired of winter – and dreaming about their favorite warmer-weather outdoor activities, which includes boating. The U.S. Census Bureau reports that boating is a “major hobby,” with Americans owning nearly 17 million pleasure boats. “Buying and maintaining new and used boats, including docking and storage,…more

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